Stuck in traffic

Sergio Marchionne’s revamp is picking up speed. But the carmaker is still worth little more than half the 40 bln euros at which the Agnelli family might consider a sale. That figure is beyond Chinese suitor Great Wall and a stretch for global peers. Fiat may be stuck where it is.

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Fiat Chrysler on Oct. 24 reported third-quarter net income of 910 million euros, up 50 percent on the same period a year earlier. Net revenue was 26.4 billion euros in the quarter, down 2 percent. The group's pre-tax profit margin was 5.5 percent for the period.